The White House is warning that President Donald Trump will veto a bipartisan Senate resolution that would terminate his sweeping global “Liberation Day” tariffs.
The statement of administration policy from the Office of Management and Budget, sent to congressional offices Monday, comes ahead of an expected vote this week forced by several Democrats led by Sen. Ron Wyden of Oregon and Republican Sen. Rand Paul of Kentucky.
“This resolution would undermine the administration’s efforts to address the unusual and extraordinary threats to national security and economic stability, posed by the conditions reflected in the large and persistent annual U.S. goods trade deficit,” the administration wrote.
It added that “there can be no doubt that S.J. Res. 49 — if passed — would undermine U.S. national and economic security. If S.J. Res. 49 were presented to the president, he would veto it.”
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